LIC MF Equity Savings Growth Option Direct

LIC MF Equity Savings Growth Option Direct

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Hybrid
Direct
Equity Savings
NAV: ₹ 27.89 as on 27-05-2024

About the Fund

LIC MF Equity Savings Growth Option Direct is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by Marzban Irani. This fund gives you the benefit of diversification.

Key Parameters

  1. LIC MF Equity Savings Growth Option Direct has ₹16 Cr worth of assets under management (AUM) as on Apr 2024 and is less than category average.
  2. The fund has an expense ratio 1.
Fund Performance
zero opening, trading, fund transfer fee
1 people have invested ₹ 8.2K in LIC MF Equity Savings Growth Option Direct in the last three months

Overview

Expense ratio
Expense ratio
0.99%
Benchmark
Benchmark
NIFTY Equity Savings TR INR
AUM
AUM
₹16 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹1000
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
2363.72%

LIC MF Equity Savings Growth Option Direct Distribution as on (30-Apr-24)

  • Equity 37.8%

  • Debt & Cash 62.1%

Size breakup

Large cap
54%
Mid cap
7%
Small cap
6.1%
Sector Allocation

Apr'24

Mar'24

Feb'24

Financial Services
24%
Basic Materials
22.5%
Tech
15.7%
Industrial
12.8%
Consumer Defensive
10.7%
Consumer Cyclical
4.9%
Health
4%
Energy
2.8%
Utilities
1.9%
Real Estate
0.6%

Top Holdings of LIC MF Equity Savings Growth Option Direct as on (30-Apr-24)

  • Equity

  • Debt & Cash

Equity Holdings49
Debt Holdings2

Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 14.6 Cr
₹ 14.6 Cr
₹ 12.7 Cr
  • AUM of the fund stands at 14.6 Cr as of Apr'24
  • AUM has remained same between Apr'24 and Mar'24
Fund Portfolio Changes

Mutual Fund Insights

Insights icon
This fund has one of the lowest expense ratio in the category (equity savings). Its expense ratio is 0.99% which is lower than the category average expense ratio of 1.06%.
Insights icon
In the last 3 years, Sundaram Equity Savings - Direct Plan - Growth Option has given 14.06% return, outperforming this fund by 4.92% per annum.
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In the last 1 year, HSBC Equity Savings Direct Plan Growth Plan has given 23.4% return, outperforming this fund by 6.89%.
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In the last 5 years, Sundaram Equity Savings - Direct Plan - Growth Option has given 13.7% return, outperforming this fund by 3.93% per annum.
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Over the last 6 months, this fund has experienced a 67.6% growth in AUM moving from 9.41 Cr to 15.77 Cr.

Fund Manager

Marzban Irani
Marzban Irani
Fund Manager of LIC MF Equity Savings Growth Option Direct, since 31 July 2023

LIC MF Equity Savings Growth Option Direct Highlights

Risk meter
pointer

Moderately High risk

Investors understand that their principal will be at Moderately High risk
About the fund

About the fund

This fund has delivered an average annual returns of 8.02% since inception which is less than its category average return of 8.09%
Fund Allocations

Fund Allocations

This fund has an allocation of 37.85% in Equity, 0.22% in Debt and 61.91% in Cash related instruments
AUM size ₹16 Cr

AUM size ₹16 Cr

This fund has AUM of ₹16 Cr which is less than its category average of ₹ 1280 Cr
Expense Ratio 0.99%

Expense Ratio 0.99%

This fund has an expense ratio of 0.99% which is less than its category average expense ratio of 1.15%

Frequently Asked Questions

The current NAV of LIC MF Equity Savings Growth Option Direct is ₹27.89 as on 27-May-2024.
Existing (Absolute + CAGR) as on 27-May-2024.
LIC MF Equity Savings Growth Option Direct
Absolute Returns
CAGR Returns
1 Month Returns
0.86%
0.86%
6 Month Returns
9.25%
9.25%
1 Year Returns
16.51%
16.51%
3 Years Returns
30.03%
9.15%
5 Years Returns
59.35%
9.77%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.99% as on April 2024
₹16 Cr as on April 2024
LIC MF Liquid Dir Gr(10.22%), Tata Steel Ltd(5.18%), Tata Consultancy Services Ltd(5.09%), ICICI Bank Ltd(3.83%), Hindustan Unilever Ltd(3.39%) as on April 2024
Cash Equivalent(59.67%), Financial Services(9.1%), Basic Materials(8.52%) as on April 2024
AAA
100
Marzban Irani is the fund manager of LIC MF Equity Savings Growth Option Direct
The Exit load of LIC MF Equity Savings Growth Option Direct is 1%